Cabot (NYSE:CBT) Price Target Raised to $78.00 at JPMorgan Chase & Co.

Cabot (NYSE:CBT) had its target price boosted by JPMorgan Chase & Co. from $70.00 to $78.00 in a research note published on Friday morning,Benzinga reports. They currently have an underweight rating on the specialty chemicals company’s stock.

A number of other equities analysts also recently commented on CBT. Truist Financial set a $100.00 target price on Cabot in a report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cabot in a report on Tuesday, May 26th. UBS Group reduced their price objective on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating on the stock in a research report on Wednesday. Mizuho upped their price objective on shares of Cabot from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Wall Street Zen cut shares of Cabot from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $89.00.

Cabot Stock Up 0.2%

NYSE CBT opened at $87.69 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.47 and a quick ratio of 0.96. The stock has a market capitalization of $4.53 billion, a PE ratio of 24.70, a PEG ratio of 11.44 and a beta of 0.84. Cabot has a 1 year low of $58.33 and a 1 year high of $94.53. The business’s 50-day moving average is $87.92 and its 200 day moving average is $79.87.

Cabot (NYSE:CBT) last released its quarterly earnings results on Monday, August 3rd. The specialty chemicals company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.01. Cabot had a return on equity of 20.29% and a net margin of 5.23%.The business had revenue of $982.00 million during the quarter, compared to analyst estimates of $943.16 million. During the same quarter in the prior year, the company posted $1.90 EPS. Cabot’s quarterly revenue was up 6.4% compared to the same quarter last year. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. Sell-side analysts forecast that Cabot will post 6.32 earnings per share for the current year.

Cabot Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be paid a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, August 28th. Cabot’s dividend payout ratio (DPR) is presently 53.24%.

Institutional Investors Weigh In On Cabot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Cabot in the second quarter worth $633,302,000. Deutsche Bank AG bought a new stake in shares of Cabot during the 2nd quarter valued at $5,033,000. Trust Co. of Vermont purchased a new stake in shares of Cabot in the 2nd quarter worth about $185,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Cabot in the 2nd quarter worth about $1,321,000. Finally, Old West Investment Management LLC bought a new position in shares of Cabot in the 2nd quarter worth about $1,119,000. 93.18% of the stock is owned by hedge funds and other institutional investors.

About Cabot

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.